Regulator - bank Stress Tests Failed

Asparagus

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Regulator admits stress tests failed - Irish, Business - Independent.ie

FINANCIAL Regulator Matthew Elderfield yesterday admitted his stress tests had failed to convince financial markets that Ireland's banks have enough capital to withstand their future losses.

Meanwhile former regulator Podge Neary admitted that allowing the banks to do whatever they wanted and occassionally instructing them to do mad sh1t, may in hindsight have been ill advised.

Tomorrow Sean Fitzpatrick suggests his time in charge of Anglo definitley contributed to the economic success of the country and subsequent decline.
 


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